Food Lion 2010 Annual Report Download - page 143

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Delhaize Group - Annual Report 2010 139
SUPPLEMENTARY INFORMATION HISTORICAL FINANCIAL OVERVIEW CERTIFICATION OF RESPONSIBLE
PERSONS REPORT OF THE STATUTORY
AUDITOR SUMMARY STATUTORY ACCOUNTS
OF DELHAIZE GROUP SA
35. Subsequent Events
In February 2011, Delhaize Group has been notified that some former Greek shareholders of Alfa Beta Vassilopoulos S.A., who together held
7% of Alfa Beta shares, have filed a claim in front of the Court of First Instance of Athens challenging the price paid by the Group during the
squeeze-out process that was approved by the Hellenic Capital Markets Commission. Delhaize Group is convinced that the squeeze-out trans-
action has been executed and completed in compliance with all legal and regulatory requirements. The Group is currently in the process of
reviewing the merits and any potential exposure of this claim and will vigorously defend itself. The first hearing has been scheduled in October
2013.
On March 3, 2011, Delhaize Group announced the signing of an agreement to acquire 100% of the registered share capital and voting rights
of Delta Maxi Group, a retail company operating more than 450 stores in five countries in Southeastern Europe. The agreed total purchase
price amounts to EUR 933 million, including net debt of approximately EUR 300 million. The acquisition is subject to mutually agreed upon
and customary conditions, including the approval by the merger control authorities in Serbia, Bulgaria, Montenegro and Albania. Delhaize
Group expects to close the deal in the third quarter of 2011, as from which date Delta Maxi Group will be fully consolidated into the Group’s
consolidated financial statements.